List of Speakers 1. Mr Nazery Khalid Senior Fellow/Centre Head, Centre for Maritime Economics & Industries Maritime Institute of Malaysia (MIMA) nazery@mima.gov.my 2. Ms Margaret Ang Researcher, Centre for Maritime Economics & Industries Maritime Institute of Malaysia (MIMA) margaretang@mima.gov.my 3. Mr Khamarudin Mansor Managing Director Kay Marine Sdn Bhd khamarudin@kaymarine.com.my 4. Ir Hisham Haron General Manager, Marine Repair Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) hisham@mmhe.com.my 5. Mr Mohd Fairul Sany Senior Sales Executive Jotun (Malaysia) Sdn Bhd faizul.sany@jotun.com.my 6. Oh Kean Shen Managing Director Pen Marine Sdn Bhd ksoh@pc.jaring.my 7. Mr Norulhadi Md Shariff Chief Executive Officer Global Maritime …show more content…
Mr Udayakumar A/L Poonarangam Head – Corporate & Business Development Division Gagasan Carriers Sdn Bhd udaya@gagasan.com.my 42. Mr Yong Leong Hua Executive Director Gimhwak Shipyard Sdn Bhd leong_y@yahoo.com 43. Mr Mohd Yusni b. Razali Global Carriers Bhd 44. Mr Bazerin b. Din Global Carriers Bhd 45. Mr. Ho Kong Fatt Manager Global Carriers Bhd hokf@globalcarriers.com.my 46. Mrs Nor Azrina Azlan Chief Operation Officer Global Carriers Bhd azrina@globalcarriers.com 47. Mr Adam Shah b.Azlan General Manger Global Carriers Bhd adam@globalcarriers.com.my 48. Mr Tajul Asikin Sallehuddin Head Procurement Global Carriers Bhd tajulashikin@globalcarriers.com.my 49. YBhg Dato’ Jaffar b. Mohd Yassin Director Grade One Marine Shipyard Sdn Bhd jaffaryassin@goms.com.my 50. Mr Ahmad Yusof Mohamad Chief Operating Officer Grade One Marine Shipyard Sdn Bhd ahmadyusof@goms.com.my 51. Mr Shahril b. Ahmad Managing Director 5 Hanaro Engineering Sdn Bhd shahril@hanaro.com.my 52. Mr Faruddeen b. Ram Hanaro Engineering Sdn Bhd 53. Mr Chua Oui Lam General Manager Hong Bee Motors Sdn Bhd olchua@hongbee.com.my 54. Mr Abd. Molok Bakar Executive Chairman Imis Infotech Sdn Bhd molok@imis-infotech.com 55. Mr Mazlan Bidin Johor Shipyard & Engineering Sdn Bhd 56. Mr Hj Yahaya b. Mat Nor Managing Director Jubli Unggul Sdn Bhd jubliunggul@yahoo.com 57. Mr Wong Ing Chiew National Sales Manager, Marine Protective & Marine Coatings JOTUN (Malaysia) Sdn Bhd
The purpose of this paper is to analyze the economic situation of the company Macedonian Shipping and give a recommendation whether the company should use the motor vessel Tashtego as a freight tender beween Dar-es-Salaam and Zanzibar in East Africa or as a tapioca ship between Balik Papan and Singapore in the East Indies.
(NSY) had been providing parts and services to the Mega-Yacht Industry since receiving their initial seed capital in 2000. The Mega-Yacht industry provided an attractive opportunity for NSY. Although the industry was small by comparison, serving only 10,000 vessels, it generated in excess of $1 billion in economic activity annually, divvied amongst the new build, and maintenance, refit and repair business sectors (Mark & Mitchell, 2003, p. 48). The industry’s supporting cast included captains and crews, owners, management companies, procurement agents, yacht builders and repair entities, brokers, and local husbanding agents. Although unknown to the firm at its inception, consultants in 2002 forecasted the mega-yacht industry would see annual growth of 6%, with the potential for even better numbers in the short-term (Mark & Mitchell, 2003, p. 48).
Perhaps the easiest approach to the acquisition of BoatU.S. is to leave BoatU.S.’s current demand and forecast planning untouched and separate from West Marine’s planning processes. This would be inexpensive and non-disruptive to the current corporate culture. The drawbacks, however, could be a slow steady decline in profitability and reliability of the BoatU.S. brand, hence the reason for the acquisition in the first place.
(Benton 2010) Mr. Patton, the situation in Malaysia is not looking good. “In 1997 Malaysia was hit by the Asian financial crisis.” One of the most effected areas was the manufacturing sector. “In order to rescue some of the largest state-owned companies, the government has imposed several strict trade barriers on certain goods. Included under law in these protected goods are the steel billets, the raw material for use in the downstream steel industry.” The government has also put into effect
The Nora-Sakari: A proposed JV in Malaysia set in 2003, focuses on the possible joint venture
5. From the firm’s point of view, the policy of not operating ships over 15 years old is designed to protect against uncertainty and to pursue a higher premium over the market by having more relatively young vessels rather than old ships. However, based on our calculation of the NPV of the project, under the assumption that the company will continue to operate the ships until the 25 years of service, the results
Since scenario 1 has a negative NPV, we recommend Ocean Carriers to not invest if there is a 35% tax rate in the US. In scenario 2, where the ship is built in HK with a 0% tax rate, then we recommend that Ocean Carrier invest in the ship. This analysis shows that working the ship at a 35% tax rate will not yield a profit on the investment even 25 years into the future, given the increasing costs of survey preparation and the diminishing number of days that the ship is actually able to make money and be commissioned.
The Indian Ocean, considered the third largest ocean, is located between Australia and Antarctica. This Ocean is a major sea lane connecting the Middle East, East Asia and Africa with Europe and the Americas. The Ocean is essential because of its location. The location helps to boast the production of trade global around the world. It is rich with resources such as natural oil and marine life. The ships that travel the ocean contain over half the world’s international trade cargo and shipment. The trade system is the way of life for people all over
Malaysia is situated along the Straits Of Malacca, connecting the Indian Ocean with the South China Sea and Pacific Ocean so trading in this area has been around for centuries. Spices were the main goods traded in the 15th century and as the Malacca Sultanate grew from strength to strength, it eventually gained a monopoly on all trade passing through the straits1. The Straits Of Malacca is still one of the most vital shipping lanes in the world.
Be that as it may, shipbuilding and ship repair has been an old industry held in the country, which regardless of what many may think, has been important to the initial stages of development for the nation as a whole. As a result, the historical significance of the industry can be assigned to one of the few industries that managed to aid in successfully contributing to the development of the national identity. From this, the shipbuilding industry as a whole must be detailed in order to directly correspond its long-lasting effects through its actions. The initial demand for ships were usually generated by the involvement of other industries, specifically items relating to timber supplies, offshore oil services, fisheries, exportation of natural
Containerization is a system of freight transport that transports trade goods from ports to ports. This system is based on a range of steel intermodal containers (also "shipping containers").These containers are built to standardized dimensions and can be loaded and unloaded, stacked, transported efficiently over long distances, and transferred from one mode of transport to another. Thus, it provided an economic way to ship 90% of the world trade goods across the globe and as a result has benefited society in providing for a truly open market to buy and sell goods. Cebu is home to national and international corporations whose trading hub is centered in the international port (cargo
Every firm would love to invest in shipping industry due to large profits involved. However this would seem easy but practically it is lot more difficult and virtually impossible to establish in container line business. The problem pertains to large capital investments in form of vessel and container procurements and risk of operating vessels. Even if we take the examples of biggest companies
Not too long ago, the Singapore government cooperated with Indonesia to develop cruise ship tourism as Singapore is enjoying a cruise tourism boom (The Jakarta Post, 2011). This collaboration boosts economic bilateral ties and tourism. Previously, the Singapore government also backed entrepreneur Ong Beng Seng’s bid to
Malaysia Airlines (abbreviated MAS), is the government-owned flag carrier of Malaysia. Due to fuel price hiking, inefficient management, global economic crisis, government intervention and low load factor, MAS suffers substantial loss which
Certified that this report is prepared based on the term paper project undertaken by me in GENERAL MOTORS BANRUPTCY under the able guidance of Dr.Richa Raghuvanshi in partial fulfillment of the requirement for award of degree of B.Com(H) from Amity University, Uttar Pradesh.